Europe, Financial, Global Investment, Hedge Funds, News

Goldman Sachs Hedge Fund Closing London Operations

Goldman Sachs Hedge Fund Closing London Operations

Goldman Sachs Investment Partners which opened in 2008 and had one of the biggest launches in hedge fund history is now closing its London Operations and shifting staff to New York. This move was initiated by the Managing Director Nick Advani, who is in charge of the hedge fund’s London operations.

“The fund was launched in November 2008 with $7 billion in assets, including $2 billion of Goldman’s own money.”

~ Financial Times

The fund was launched in November 2008 with $7 billion in assets, including $2 billion of Goldman’s own money.  However, assets have fallen after Goldman Sachs pulled out $2.8 billion in response to certain legislations and reforms. The fund now manages around $3.5 billion.

Related Reports: Reuters, Financial Times

 

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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